PCH - Mergers and acquisitions

PotlatchDeltic Corporation (NASDAQ:PCH) announced today a merger with Loutre Land and Timber Company ("Loutre"). PotlatchDeltic issued 1.96 million shares of common stock and assumed debt of $6.6 million in exchange for Loutre's 51,340 acres of high-quality, well-stocked timberlands in southern Arkansas and northern Louisiana. Key attributes of the Loutre timberlands: Stocking levels of approximately 90 tons per acre Average age of the timber is greater than 40 years Sawlogs represent approximately 70% of the timber inventory Highly integrated with PotlatchDeltic's existing timberlands and sawmills Expect annual average EBITDDA of $8.5 million and annual average capital expenditu